East Africa splurges on infrastructure in budgets

Kenya’s Cabinet Secretary for National Treasury Henry Rotich on his way to read the budget on June 14, 2018. PHOTO | JEFF ANGOTE | NMG

Regional economies have allocated a third of their individual budgets in the new financial year to infrastructure projects, aiming to boost economic activity and spur growth.

Of the $15.8 billion going to development projects, Kenya allocated $6.25 billion (39.5 per cent), followed by Tanzania at $5.3 billion, then Uganda at $3.05 billion and Rwanda at $1.28 billion.